TO FEE OR NOT TO FEE?

Industry insights

Case Study – A complex fee structure tied to a shareholding raised questions as to the deductibility of fees for income tax purposes. Ultimately the ATO ruled that it was not a deductible expense, resulting in a large tax debt and a reduction in the return to stakeholders of the external administration.

We were appointed voluntary administrators of a company in the financial services industry in 2013.

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